While Genius Sports Limited has underperformed by -5.10%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GENI rose by 39.59%, with highs and lows ranging from $8.64 to $4.62, whereas the simple moving average jumped by 19.32% in the last 200 days.
On June 13, 2024, Citigroup started tracking Genius Sports Limited (NYSE: GENI) recommending Buy. A report published by Goldman on April 16, 2024, Initiated its previous ‘Buy’ rating for GENI. B. Riley Securities also rated GENI shares as ‘Buy’, setting a target price of $9 on the company’s shares in an initiating report dated April 05, 2024. Macquarie Initiated an Outperform rating on December 21, 2023, and assigned a price target of $11. Cantor Fitzgerald initiated its ‘Overweight’ rating for GENI, as published in its report on October 12, 2023. Lake Street’s report from May 25, 2023 suggests a price prediction of $7 for GENI shares, giving the stock a ‘Buy’ rating. JMP Securities also rated the stock as ‘Mkt Outperform’.
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Analysis of Genius Sports Limited (GENI)
Further, the quarter-over-quarter increase in sales is 9.90%, showing a positive trend in the upcoming months.
Genius Sports Limited’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -16.89% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.54, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and GENI has an average volume of 2.83M. On a monthly basis, the volatility of the stock is set at 4.55%, whereas on a weekly basis, it is put at 5.66%, with a loss of -6.53% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.35, showing growth from the present price of $7.44, which can serve as yet another indication of whether GENI is worth investing in or should be passed over.
How Do You Analyze Genius Sports Limited Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 12.54%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 67.26% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GENI shares are owned by institutional investors to the tune of 67.26% at present.
